Liqueurs and Cordials Price in Uruguay - 2022
Contents:
- Liqueurs and Cordials Price in Uruguay (CIF) - 2022
- Liqueurs and Cordials Price in Uruguay (FOB) - 2022
- Liqueurs and Cordials Imports in Uruguay
- Liqueurs and Cordials Exports in Uruguay
Liqueurs and Cordials Price in Uruguay (CIF) - 2022
In 2022, the average liqueurs and cordials import price amounted to $3.1 per litre, which is down by -64.9% against the previous year. In general, the import price saw a deep contraction. The most prominent rate of growth was recorded in 2018 an increase of 33% against the previous year. As a result, import price reached the peak level of $10 per litre. From 2019 to 2022, the average import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($6.4 per litre), while the price for Brazil ($1.3 per litre) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+1.5%), while the prices for the other major suppliers experienced mixed trend patterns.
Liqueurs and Cordials Price in Uruguay (FOB) - 2022
The average liqueurs and cordials export price stood at $4.4 per litre in 2022, with a decrease of -40.7% against the previous year. Over the period under review, the export price continues to indicate a slight decrease. The pace of growth appeared the most rapid in 2018 when the average export price increased by 97%. The export price peaked at $13 per litre in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for Free Zones.
From 2012 to 2022, the rate of growth in terms of prices for Brazil amounted to +27.9% per year.
Liqueurs and Cordials Imports in Uruguay
In 2022, the amount of liqueurs and cordialses imported into Uruguay reduced remarkably to 282K litres, shrinking by -78.7% compared with the year before. Over the period under review, imports faced a precipitous slump. The pace of growth appeared the most rapid in 2021 when imports increased by 213%. As a result, imports reached the peak of 1.3M litres, and then shrank dramatically in the following year.
In value terms, liqueurs and cordials imports shrank sharply to $874K in 2022. Overall, imports showed a significant decrease. The most prominent rate of growth was recorded in 2021 when imports increased by 293%. As a result, imports reached the peak of $12M, and then contracted markedly in the following year.
| Import of Liqueurs and Cordials in Uruguay (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 574 | 605 | 480 | 317 | -18.0% |
| Ireland | 482 | 218 | 284 | 153 | -31.8% |
| Argentina | 124 | 113 | 65.3 | 144 | 5.1% |
| United States | 150 | 140 | 112 | 64.1 | -24.7% |
| Spain | 198 | 63.1 | 92.9 | 61.5 | -32.3% |
| Italy | 118 | 73.5 | 79.3 | 45.2 | -27.4% |
| Brazil | 0.8 | 20.8 | 47.6 | 28.0 | 227.1% |
| United Kingdom | 116 | 60.3 | 13.4 | 13.2 | -51.5% |
| Chile | 75.2 | 69.0 | 23.5 | 1.8 | -71.2% |
| Panama | 2,118 | 1,118 | 703 | N/A | -42.4% |
| United Arab Emirates | 297 | 187 | 236 | N/A | -10.9% |
| Others | 228 | 302 | 9,540 | 46.5 | -41.1% |
| Total | 4,481 | 2,970 | 11,677 | 874 | -42.0% |
Top Suppliers of Liqueurs and Cordials to Uruguay in 2022:
- Germany (93.9K litres)
- Argentina (91.9K litres)
- Ireland (33.2K litres)
- Brazil (22.0K litres)
- Spain (14.2K litres)
- United States (10.0K litres)
- Italy (8.2K litres)
- United Kingdom (2.6K litres)
- Chile (0.6K litres)
Liqueurs and Cordials Exports in Uruguay
Liqueurs and cordials exports from Uruguay contracted remarkably to 663 litres in 2022, dropping by -89.5% compared with the previous year. In general, exports continue to indicate a sharp shrinkage. The smallest decline of -0.7% was in 2020. Over the period under review, the exports hit record highs at 6.5K litres in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, liqueurs and cordials exports declined notably to $2.9K in 2022. Overall, exports faced a precipitous decrease. The smallest decline of -16.9% was in 2020. The exports peaked at $82K in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
| Export of Liqueurs and Cordials in Uruguay (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Free Zones | N/A | N/A | N/A | 2.9 | 0% |
| Bahamas | N/A | 1.6 | N/A | N/A | 0% |
| Panama | 26.4 | 18.6 | 7.2 | N/A | -47.8% |
| Mexico | 8.3 | 7.5 | 3.7 | N/A | -33.2% |
| Netherlands | 2.1 | 4.6 | 16.1 | N/A | 176.9% |
| United States | N/A | N/A | 2.7 | N/A | 0% |
| Brazil | 44.7 | 35.8 | 15.9 | N/A | -40.4% |
| Others | 0.9 | 0.4 | 1.6 | N/A | 33.3% |
| Total | 82.4 | 68.4 | 47.2 | 2.9 | -67.2% |
Top Export Markets for Liqueurs and Cordials from Uruguay in 2022:
- Free Zones (663.0 litres)
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